ZoomInfo Technologies (NASDAQ:ZI) Issues Q4 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.22-0.23 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $296-299 million, compared to the consensus revenue estimate of $296.85 million. ZoomInfo Technologies also updated its FY 2024 guidance to 0.920-0.930 EPS.

ZoomInfo Technologies Stock Performance

ZI stock traded down $0.38 during midday trading on Friday, reaching $10.20. 864,338 shares of the company were exchanged, compared to its average volume of 6,917,930. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 340.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The business has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $11.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZI. Stifel Nicolaus reduced their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a report on Tuesday, August 6th. Citigroup upped their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.